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Crypto and Equity Shifts in the Wake of Fed Decisions

In this week’s Trading Take, Beimnet Abebe from Galaxy Trading joins Alex Thorn to talk about the shifts in crypto and equity markets, with Bitcoin sliding from $66K amid broader economic and geopolitical upheavals. They discuss the Federal Reserve’s move towards a neutral rate and the likelihood of a 25 basis point rate cut. They also explore the macroeconomic impacts of the recent hurricane on quartz production and potential supply chain ripples. Wrapping up, Beimnet shares an optimistic near-term outlook for Bitcoin, buoyed by upcoming catalysts like the election and FTX distributions. Listen to the full episode here.